Income/Franchise:
Montana DOR Explains Implementation of Newly Enacted Elective Pass-Through Entity Tax
Montana Pass-Through Entity Tax, Mont. Dept. of Rev. (6/8/23). The Montana Department of Revenue posted some implementation guidance on Montana’s new elective entity level tax for certain pass-through entities [see S.B. 554, signed by gov. 5/19/23, and previously issued Multistate Tax Alert for more details on this new tax]. Among other topics, the guidance addresses how to make the election, estimated payment requirements and other tax compliance-related matters. Please contact us with any questions.
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